Minutes of the regular monthly rmeeting of the Executive
Committee of the Board of Trustees on 'Vednesd.ay, October 21,
1931.

     The Executive Committee of the University of Kentucky met
in regular monthly session on Wednesday, October 21, 1931, in
thre President's office at 10:30 a. m.  The following members
were present: Judge Richard 0. Stoll, Robert G. Gordon, and E.
B. Webb.   Meeting with the committee were Frank L. HocVey, Pres-
ident of the University4 and Wellington Patrick, Secretary of
the Board.   The following business was transacted:

     1. The following resolution was offered, seconded, and un-
animously adopted:

     WHEREAS, There was held a meeting of the Board of Trustees
on September 22, 1931, at which there was not a quorum present,

     BE IT RESOLVED that the action of the Board of Trustees at
that meeting be adopted as action of the Executive Committee of
this meeting.

     2. The report of the Business Agent was received and ordered
incorporated in the minutes.   The report was as follows:




                                             EXHIBIT ''Bit



            Statement of Income and Expenditures
                  Month of September - 1931



Previously
Reported



Current
Month



Fiscal
Year
To Date



Weneral Fund Income
  Federal Appropriation  42,750.00
  state Tax              40,814.86
  Int. on Endowment
     Bonds                4,322.25
  Student Fees            1,336.15
  Student Fees - Sum.Sch. 44, 504.15
  Student Fees - U.IH.S.  1,870.00
  Student Fees - El.Tr.
     School               2,280.00



55,278.60


69,590.13
    90.00
 4,020.00



42,750.00
96,093.46

4,322.25
70,926.28
44, 594.15
5,890.00



1,850.00  4,130.00